Even if the price reduction is $1K or $2K, it will still cover for some or part of vacancy cost.Good Luck!

The complaining tenant thought that water was covered by the landlord (which was not the case).

The advice to clean up your finances before doing this is well grounded.Lots of gurus promote real estate investing, especially wholesaling, as a quick and easy path to piles of cash. 

We enjoyed the process, kept our first as a rental and are at a place where we can begin investing and are interested in either a flip to sell or flip to own.It seems like everything in the marketplace is for cash sales and while we have about $30K at our disposal, it seems that this would cover the rehab budget in the deals we have been interested in.

I had one made up in my dad's name and wrote out a Word document that covered almost every scenario I could think of. 

Insurance for one, without a commercial policy, I doubt you will be covered if something happens.

We enjoyed the process, kept our first as a rental and are at a place where we can begin investing and are interested in either a flip to sell or flip to own.It seems like everything in the marketplace is for cash sales and while we have about $30K at our disposal, it seems that this would cover the rehab budget in the deals we have been interested in.

We try to keep 100k available among our accounts to cover anything that comes up so we can weather the storms (but we also are nearing 50 properties).

REPLACE MISSING FLOOR COVERING”The floor is missing throughout the entire house, so how does this normally work when obtaining a loan, if someone can please break it down for me.

But, we will get the best rates using a conventional loan.My partner does have enough money in his investment accounts to cover the down payment, but what I'm worried about is when he actually wires the funds at the closing table.